Islamabad: Motorists and businesses are set for significant relief as the government is expected to reduce petroleum product prices effective December 1, 2025, following a sustained decline in international oil and refined product prices.
Leading brokerage house Arif Habib Limited (AHL) estimates a cut of Rs4.15 per litre in petrol prices, bringing the new rate to approximately Rs261.30 per litre from the current Rs265.45. High-Speed Diesel (HSD), widely used in transport and agriculture, is projected to become cheaper by Rs6.50 per litre, dropping to around Rs271.94 from Rs278.44.
The reduction is driven by weaker global oil markets. During the November 17–27 review period, Brent crude averaged $63.43 per barrel (down 2.5%), WTI fell 1.4% to $59.04, and Arab Light declined 2.2% to $65.61 per barrel. Refined product prices also softened, with petrol and diesel spreads contracting by 6% and 8%, respectively.
AHL stated, “As per our estimates, price of HSD is expected to decrease by Rs6.50/ltr, while MS price is expected to decline by Rs4.15/ltr, effective 1st Dec’25.”
The Oil and Gas Regulatory Authority (Ogra) will submit its working to the Finance Ministry by November 30, with the final notification widely expected to reflect these reductions, offering much-needed respite amid easing global energy prices.